Silver Star Technologies made purchases on account totalling $50,500 during the month of April. Additionally, during the month of April, Silver Star received $10,800 from a customer for future services and paid $42,500 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of April was $82,000, what is the balance in the accounts payable at the end of April?

Silver Star Technologies made purchases on account totalling $50,500 during the month of April. Additionally, during the month of April, Silver Star received $10,800 from a customer for future services and paid $42,500 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of April was $82,000, what is the balance in the accounts payable at the end of April?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EA: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,433,630, beginning...

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